History is full of examples of how government controls of various kinds create shortages of economic goods. There simply is no way that a government bureaucracy can run an economic system as efficiently as the free market. Russia was a … [Read more...] about SOLVING THE OIL CRISIS
BLAME FOR GASOLINE SHORTAGE
Who is to "blame for the gasoline and fuel oil shortage? The Middle East War? The environmentalists who blocked the Alaska pipeline and California offshore drillings? The politicians who thought frozen tundra and wilderness were more important than … [Read more...] about BLAME FOR GASOLINE SHORTAGE
INGENUITY AND TAXES
The recent news story about the Michigan man who makes his own gasoline in his back yard is a good reminder that Americans are a most ingenious people. This ex-chemistry teacher named Floyd Wallace feeds leaves, grass clippings, table scraps, coal, … [Read more...] about INGENUITY AND TAXES
GASOLINE RATIONING
Interior Secretary Rogers Morton recently announced that the odds are 50-50 that the United States will have gasoline rationing by the first of the year. President Nixon said we must cut our driving speeds to 50 miles per hour, join carpools, and … [Read more...] about GASOLINE RATIONING
